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Q A M Trading Strategy

  • #1,501
  • Sep 14, 2016 5:42pm Sep 14, 2016 5:42pm
Quoting Platanero
Cycles now going on GJ and AN In addition to last week's EA which is still going.
GJ and AN yielded profits early and I took it. +28 pips. Both cycles now closed ahead of the news.

Only EA cycle active now.

But I will keep scanning for cycles tonight.

Don't look down when learning to fly.
  • #1,502
  • Sep 14, 2016 6:05pm Sep 14, 2016 6:05pm
Quoting Platanero
{quote} GJ and AN yielded profits early and I took it. +28 pips. Both cycles now closed ahead of the news. Only EA cycle active now. But I will keep scanning for cycles tonight.
Taking profit before the news is a great plan as it eliminates risk.

After the dust settles another cycle can be investigated.

I'm staying in so lets see how this AUD data affects the current EA cycle.

Masterrmind...........
Master your Mind then Master your Trades
  • #1,503
  • Sep 14, 2016 6:43pm Sep 14, 2016 6:43pm
News was kind of a mixed bag for AUD but I think a little more bad than good. Let's see how the market reacts.

I have the next 500 pips into DD accounted for on EA.

That cycle is still only putting barely noticeable strain on the account at all at this point.

Attached Image (click to enlarge)
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On other news... I really should have stayed on those cycles today. Even before the news, they had many more pips to give.
Don't look down when learning to fly.
  • #1,504
  • Sep 14, 2016 6:55pm Sep 14, 2016 6:55pm
Quoting Platanero
News was kind of a mixed bag for AUD but I think a little more bad than good. Let's see how the market reacts. I have the next 500 pips into DD accounted for on EA. That cycle is still only putting barely noticeable strain on the account at all at this point. {image} On other news... I really should have stayed on those cycles today. Even before the news, they had many more pips to give.
I'm sure you'll gather plenty more pips but it can be annoying to learn what could have been after it has happened.

Trading is an interesting business!

ps. yes the AUD came out mixed.

Masterrmind............
Master your Mind then Master your Trades
  • #1,505
  • Sep 14, 2016 7:54pm Sep 14, 2016 7:54pm
Thought I'd get in on the EURAUD action post news.

Used the EA to open a small cycle and took a very safe target into consideration. Around 130 pip trade.

One question that is semi related to this thread: What's the quickest way to assign the same TP to all trades? I prefer to exit manually but entering the same TP across 10-15 trades+ can be time consuming.


Attached Image (click to enlarge)
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flipfloptrader forum
  • #1,506
  • Sep 14, 2016 8:07pm Sep 14, 2016 8:07pm
Quoting FlipFlopGC
Thought I'd get in on the EURAUD action post news. Used the EA to open a small cycle and took a very safe target into consideration. Around 130 pip trade. One question that is semi related to this thread: What's the quickest way to assign the same TP to all trades? I prefer to exit manually but entering the same TP across 10-15 trades+ can be time consuming. {image}
Adjusting TPs (or adjusting stops) over multiple entries can be very time consuming and inefficient.

You can click and drag MT4 TP lines on the chart to new levels but even this becomes a major task as trade entries increase.

What you need to look for is an order adjusting script.

An order adjusting script will allow you to modify all entries to have the same TP or staggered and the same goes for stops.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #1,507
  • Sep 14, 2016 8:34pm Sep 14, 2016 8:34pm
Thanks, MM, nearly 8 years of using MT4 and still finding new things.

JPY cycle here. Quantum set to 250. Again a very conservative exit. My approach is focus on strong currencies (last 4 hours JPY and AUD being the standouts) and trade the (hopeful) retracement to a relative mean point.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #1,508
  • Sep 15, 2016 1:20am Sep 15, 2016 1:20am
Quoting FlipFlopGC
Thanks, MM, nearly 8 years of using MT4 and still finding new things. JPY cycle here. Quantum set to 250. Again a very conservative exit. My approach is focus on strong currencies (last 4 hours JPY and AUD being the standouts) and trade the (hopeful) retracement to a relative mean point. {image}
Good work on the relative mean terminology.

A conservative exit is fine .... pips in the bank!

Masterrmind............
Master your Mind then Master your Trades
  • #1,509
  • Sep 15, 2016 1:33am Sep 15, 2016 1:33am
I've relied on mean reversion trading since I learned the approach in 2012 with a prop firm here in Australia.

I've taken that and adapted it to suit my style of trading with FX.
flipfloptrader forum
  • #1,510
  • Sep 15, 2016 2:08am Sep 15, 2016 2:08am
Quoting FlipFlopGC
I've relied on mean reversion trading since I learned the approach in 2012 with a prop firm here in Australia. I've taken that and adapted it to suit my style of trading with FX.
Effectively adapting quality knowledge from others and making it your own is a big step towards success.

Masterrmind............
Master your Mind then Master your Trades
  • #1,511
  • Sep 15, 2016 2:13am Sep 15, 2016 2:13am
Quoting FlipFlopGC
I've relied on mean reversion trading since I learned the approach in 2012 with a prop firm here in Australia. I've taken that and adapted it to suit my style of trading with FX.
Mastermind/FlipflopGC

How does mean-reversion knowledge help quantum trading?

I have been trading directionless fx futures options trading of eurusd because of the range-trading tendency of the pair.

What is the difference between range and mean reversion approach?

I have set up trade explorer for QAM strategy trading.
http://www.forexfactory.com/simnz#acct.47
Practice makes a person perfect
  • #1,512
  • Sep 15, 2016 2:44am Sep 15, 2016 2:44am
Quoting simnz
{quote} Mastermind/FlipflopGC How does mean-reversion knowledge help quantum trading? I have been trading directionless fx futures options trading of eurusd because of the range-trading tendency of the pair. What is the difference between range and mean reversion approach? I have set up trade explorer for QAM strategy trading. http://www.forexfactory.com/simnz#acct.47
In a nutshell, in a very basic format, price will always return to the mean (given enough time). The trick is mastering the potential drawdown and knowing when to cut losses/winners. I started off with a product called the 10:10 spread which was the 10year AUS bond vs 10 year US Tnote. You could create a synthetic product and chart it and we were to trade it back to the mean when it broke out.

Quantum trading is taking trades once price makes fresh high/lows over a predetermined period of time and I have spent the last 9 months learning to adapt it to suit my own personal style of trading which is fading breakouts and bringing back to a mean point.

Everyone is different, MM trades it in a different format but clearly has had success in his own method too.
flipfloptrader forum
  • #1,513
  • Sep 15, 2016 2:46am Sep 15, 2016 2:46am
Today's trades on EURAUD today. Total of 18 trades for 280.5 pips. It's been a good day with it bouncing off key levels compared to one way direction for most of the last week.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #1,514
  • Sep 15, 2016 3:16am Sep 15, 2016 3:16am
USDJPY trades today, 28 in total for 333 pips. Again, JPY very favourable for these sorts of trades. You can see I missed some good upside but equally it allowed me to get short a few times to maximise the moves.

More than likely done until after BOE decision.

Attached Image (click to enlarge)
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flipfloptrader forum
  • #1,515
  • Sep 15, 2016 3:43am Sep 15, 2016 3:43am
Quoting FlipFlopGC
{quote} In a nutshell, in a very basic format, price will always return to the mean (given enough time). The trick is mastering the potential drawdown and knowing when to cut losses/winners. I started off with a product called the 10:10 spread which was the 10year AUS bond vs 10 year US Tnote. You could create a synthetic product and chart it and we were to trade it back to the mean when it broke out. Quantum trading is taking trades once price makes fresh high/lows over a predetermined period of time and I have spent the last 9 months learning...
FlipFlopGc,
Thank you for sharing your strategy.
In such intense 1m Quantum trading, how do you measure potential drawdown and if the adverse positions are triggered how do you manage them?
Do you instruct EA to only do sell or buy positions as part of fading out breakouts?
Can you please share your setfile settings for the EA?
Are all the currency pairs good for your style of trading?
Which ones during your 9 months testing have posed severe drawdown challenges?
Nine months is a good learning time and if you can share the lessons learned it will be helpful to traders like me.
Mastermind is an intellectual powerhouse and provides action-packed tips. Unfortunately potential forex traders are looking for instant gratification and only those who have patience and are serious to practise can get immense benefit from his ideas and methods.
Practice makes a person perfect
  • #1,516
  • Sep 15, 2016 4:02am Sep 15, 2016 4:02am
Quoting simnz
{quote} FlipFlopGc, Thank you for sharing your strategy. In such intense 1m Quantum trading, how do you measure potential drawdown and if the adverse positions are triggered how do you manage them? Do you instruct EA to only do sell or buy positions as part of fading out breakouts? Can you please share your setfile settings for the EA? Are all the currency pairs good for your style of trading? Which ones during your 9 months testing have posed severe drawdown challenges? Nine months is a good learning time and if you can share the lessons learned...
I'm a strong believer in support/resistance and over 8 years of trading I've learnt to trust my judgement and decide where price may stall/have a chance at a reversal. I cross reference higher timeframes and rely on pivot levels for potential areas.

I pick pairs that have a strong individual currency, today being AUD and JPY. Note I didn't trade that cross, instead EURAUD and USDJPY....both low spread pairs with steady movements and not overly correlated. When one leg is strong, invariably price will trend which is the foundation for Quantum trading. Now the double edged sword is when price keeps going as MM has experienced with EURAUD in his short cycle.

Yen pairs in my experience have caused the biggest d/down notably GBPJPY which can frequently move 200-300 pips without breaking sweat, for this reason I tend to avoid large moving Yen crosses and stick with USDJPY when trading a Yen cross. That is to not say I'll never trade GBPJPY but i'd need a very good reason to do so.

Practice, practice, practice and finally, more practice. There is no shortcut with trading and I have put in enormous hours to be where I am today and have sacrificied more than I ever thought in my pursuit of financial freedom. I left my family for 3 months to go to a different city to enter an undergraduate trading program and took on big odds to make the final cut and succeeded.

Best of luck and never stop learning.
flipfloptrader forum
  • #1,517
  • Sep 15, 2016 4:46am Sep 15, 2016 4:46am
FllipFlopGC,

Thank you for sharing your experience.
Do you use stop loss ?
Or you wait out for retracement to help you out?
I don't use stop loss and wait for retracement to help me out.
Practice makes a person perfect
  • #1,518
  • Sep 15, 2016 4:54am Sep 15, 2016 4:54am
Quoting simnz
FllipFlopGC, Thank you for sharing your experience. Do you use stop loss ? Or you wait out for retracement to help you out? I don't use stop loss and wait for retracement to help me out.
No stop when using Quantum, I will hedge in the same pair or look for a correlated pair to leg into if drawdown is getting ugly.
flipfloptrader forum
  • #1,519
  • Sep 15, 2016 8:18am Sep 15, 2016 8:18am
EA - update

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Nice move down on this pair to allow for a high lot exit.

+652.3 pips.

ps. taking profit and reducing exposure.

Masterrmind............
Master your Mind then Master your Trades
  • #1,520
  • Sep 15, 2016 9:02am Sep 15, 2016 9:02am
Quoting simnz
{quote} Mastermind/FlipflopGC How does mean-reversion knowledge help quantum trading? I have been trading directionless fx futures options trading of eurusd because of the range-trading tendency of the pair. What is the difference between range and mean reversion approach? I have set up trade explorer for QAM strategy trading. http://www.forexfactory.com/simnz#acct.47
Growth is looking great at this stage just need to keep plodding along.

Masterrmind...........
Master your Mind then Master your Trades
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